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This is the side of foreclosures that you don’t see every day. It is certainly an emotionally greuling experience to lose one’s home, and sometimes it can put people over the edge.

Yesterday in Phoenix, two men who purchased a home went to claim it, only to find the disgruntled home owner inside.  He was in fact, yeilding a gun and began to shoot towards the men.  Police were called and later shot and killed the former homeowner. You can read the full story regarding the incident here

This is certainly not a situation that most people entertain when buying a foreclosed property, but there are certainly cases where homes are sold at auction where people (homeowners or tentants) are still living in the home. If you are ever in such a situation, my advice is to never confront the homeowner, but rather contact the police immediately.  Of course, I would imagine it would still be a bit unsettling to buy a property that someone was living in and not wanting to give up for concerns over possible retaliation. Not because it is warranted, but because when people are pushed beyond their limits in stressful situations, logic most often does not prevail.

This should not come as a surprise to anyone who follows foreclosure trends, but the top 3 states for foreclosures as of August 2009 (according to Realty Trac) are Nevada, Florida, and California. This is a bit of good new for Arizona (where I reside), having dropped to #4.

For the full story, visit Realty Trac.

There are many websites that claim to offer free foreclosure lists, but many of them require you to enter your credit card information, and then they just hope and pray that you do not cancel prior to the first payment.  I guess they really hope you like the list and just keep paying for it month after month until you find what you need.  There are some advantages to paid foreclosure lists such as a greater level of information, but for me, I prefer to just get the raw information and run with it.  Also, if you have a trusted real estate agent (which is highly recommended) he or she can get whatever info you need to do your research and find out of the propperty is suitable for you.

Our company offers free government, bank and commercial foreclosure listings and we do not ask for your credit card. Everything is out in the open and we simply point you to the institutions that have the properties listed for sale. If you have not started your search yet, or if you are looking to cancel a costly paid foreclosure listing service, youve come to the right place.

To better serve you, here are the direct links to the information on our website:

- Bank Foreclosure Listings
- Government Foreclosure Listings
- Commercial Foreclosure Listings

If you have any questions, do not hesitate to contact us.